Montblanc will have six new exclusive boutiques including their own outlet as well as through franchise partners in the UAE, Bahrain, Saudi Arabia, Kuwait & Qatar.
"In synch with our international expansion plans, we are pursuing new growth opportunities in the region," said Montblanc Regional Brand Director, Joe Nahhas. "We are constantly on the lookout for new markets as customers in the region are becoming more discerning towards luxury products."
Mr. Nahhas noted that luxury products were well received in Gulf markets due to the large population of young, employed workers with high disposable incomes, a propensity to spend, and a willingness to embrace luxury.
Mr. Nahhas observed that Montblanc was making strategic investments in the exciting Gulf countries by evaluating their potential using both macroeconomic and retail specific variables. "The per capita annual income in the Gulf is now in excess of $20,000 and there is more money to be spent on items that were once considered a luxury as the lines between necessity, comforts and luxury are diminishing," he concluded.
Browse
related articles
Montblanc plans major expansion across the Gulf
- United Arab Emirates: Sunday, February 10 - 2008 at 07:38
- PRESS RELEASE
Buoyed by explosive growth in the global luxury retail business, luxury goods manufacturer Montblanc, recognized worldwide for its classic timepieces, jewelry, leather goods and writing instruments has announced expansion plans for the Gulf region with six new boutiques in the current fiscal year.
Related stories
Also consider reading:
Twitter
Facebook
LinkedIn
Digg
Browse
related articles
Log in to request more information from Rivoli Group
Notes and media contacts
ABOUT MONTBLANCEstablished in 1906, Montblanc has built an unrivalled reputation for precision in design, materials and craftsmanship in jewellery, leather goods, timepieces and writing instruments. The Montblanc logo represents the snow covered peak of Mont Blanc - the highest mountain in Europe. Montblanc today is one of the leading worldwide, diversified luxury brands.
For more Information related to this Release, Please Contact:
BIZ COM - "For PRoactive Communications"
P.O. Box 48889, Dubai - UAE
Tel: +971 4 332 0888
Fax: +971 4 332 0999
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, February 10 - 2008 at 07:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds